Rarible Offers 0% Fee NFT Marketplace for ApeCoinDAO ‍

Magic Eden's plan to create a restricted Bored Ape Yacht Club NFT marketplace for the ApeCoin community is up against some opposition: Marketplace protocol Rarible has made its own proposal concept available to owners of ApeCoin (APE) with a zero-fee offer.

Rarible released its proposal concept on Wednesday, which is an NFT platform with an emphasis on ApeCoin that has no marketplace fees for NFTs that are listed natively by holders. The marketplace, which runs on the open-source Rarible Protocol, would also compile listings from other marketplaces like OpenSea and LooksRare to improve liquidity.

The planned platform would be focused on NFT collections connected to the Yuga Labs-created Bored Ape environment, such as Otherside, the Mutant Ape Yacht Club, the Bored Ape Kennel Club, and the Bored Ape Yacht Club.

The proposal also includes a number of other features, such as the ability to make a collection-wide offer, dedicated support, and fiat currency payments through MoonPay. Rarible stated that it may open the marketplace for free in four weeks after receiving DAO certification. It has also created marketplaces in the past for NFT programs like V1 Punks and Degenerate Ape Academy.

According to Magic Eden's proposal, which was submitted on August 9, an ApeCoin marketplace with a base marketplace fee of 1.5% could be reduced to 0.75% based on particular factors, including a 0.5% discount for users who use ApeCoin when making purchases and an additional 0.25% discount for users who have an NFT from particular Bored Ape-related projects.

The well-known NFT market Rarible concentrates on Ethereum and has gradually expanded to other chains. Magic Eden, the largest market in the Solana ecosystem, has only recently added support for Ethereum NFTs.

Both initiatives are at the concept stage at the moment. After then, they might be changed into a formal proposal and put to a vote. If it is successful, only the ApeCoin community would be able to use the Bored Ape NFT marketplace.

Back to NFT news

Explore topics

Want to stay updated?

If you’re interested in learning more or you’d like to read our in depth guides, join our newsletter.

Thank you!
Oops! Something went wrong

NFT drops. 🔥

0.085

It's time to start a new life with your partner Yuugen.. Yuugen is a project designed to create value for our NFT holders.. Each Yuugen is unique and has its own rarity.. Yuugen has everything you need for your dream life.. New utilities for Yuugen NFT holders will be added as our project progresses.. It will be friendly and cohesive.

nft

Gaming

Others

999
NFTS
1.9
N/A
K
0.9
K
0

The motor heads are brought in to the metaverse through a program called ILLEST MOTOVERSE.. The project will feature 4 animated rim collection NFTs with a circulation of 3,333.. From the Bay Area and Los Angeles in California, to Tokyo, and Manila in South East Asia.. The Illest celebrates community by producing amazing car projects and collaborating with talented artists and creators, as well as other brands in the scene.. Collaborations include projects with Jo Koy, Beats By Dre, Hoonigan, G-Shock, Bearbrick, Transformers, and others.. We made the reveal trailer for the upcoming Need for Speed Unbound game, as well as discounts from The Rail brands such as Vans, Diamond, and Primitive.. The rarer the NFT, the better the discountExclusive merch drops for NFT holders Opportunity to "franchise" and create personal revenue stream with Illest umbrella brands Shared commission on Illest website and reselling and business. The lead on this project is no stranger to Illest, and he is in charge of developing the best way to contribute to the community through our web3play.. Illest founder, Mark Arcenal, is a sneakerhead and a legend in the car culture scene.. Fatlace was started in 1999 and features the newest and hottest sneakers and cars.. He launched his apparel brand Illest, which means "The Best", taking inspiration from his search for the best in footwear and car customization.. Illest has become the most recognizable brand among sneakerheads and car enthusiasts.. Illest enjoys the same cred among people in the sneakerhead community and car culture that he does in sports and other fields where people aim to be the best.. In terms of the quality of the product itself, Illest is mostly known for its breathable crewneckeds that feature simple graphic hits.. Headwear and cut-and-sew garments are included in the other collections.. The brand has become one of the most sought-after brands because it caters to an audience looking for more than just a label.. Illest lifestyle.

nft

Gaming

Others

3333
NFTS
0
N/A
K
9.8
K
0.11

Professors is an NFT project that will change online education in the 21st century by a group of elite graduates from Yale and Oxford universities.. Professors will enable students from around the world to have access to some of the most elite tutors from the world's very best universities because of their sterling academic credentials and seasoned teaching experience.. Education is being brought to the Metaverse by us.

nft

Gaming

Others

3141
NFTS
9.8
N/A
K
19
K